Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Oman’s fintech market is projected to reach $2.8B in 2025, driven by new digital-bank rules, an active sandbox, and strong AI-led innovation. With 42 firms now licensed and rapid investment inflows, Oman is positioning itself as a leading GCC fintech destination under Vision 2040.
Veon raised its 2025 earnings outlook, forecasting 16–18% EBITDA growth driven by booming digital services in Pakistan, Bangladesh, and other markets. Q3 revenue hit $1.12B, with digital services up 63% year-on-year, highlighting the telecom’s successful pivot toward high-margin digital ecosystems.
Bangladesh has approved a SIM-lock smartphone installment policy allowing telcos to sell devices on flexible payment plans, expanding access for low-income users and accelerating digital inclusion while ensuring fair competition and consumer protection.
Zain Group achieved its best performance in 16 years, with KD 1.7 billion in revenue and 31% profit growth, driven by fintech, AI, and enterprise solutions under its 4WARD strategy — reaffirming its position as MENA’s leading digital powerhouse.
Zain posts 16-year-high revenues of KD1.7 billion, driven by subscriber and data growth; net profit climbs 31% year-on-year as expansion in Iraq and Sudan boosts performance.
Ooredoo Group posted a 6% profit rise to QR3.1 billion and upgraded its dividend policy following strong 9-month performance driven by regional growth, digital investments, and data centre expansion. Strategic ventures in towers, fintech, and AI-ready infrastructure continue to strengthen its MENA leadership.
Zain Group posted a record $5.4 billion in revenue for the first nine months of 2025, up 15% year-on-year, driven by strong growth across digital verticals and operations. The Group declared a second interim dividend and reaffirmed its 4WARD strategy focus on AI, sustainability, and customer experience.
Kuwait City, October 29, 2025 — Zain Group, a leading telecommunications and digital services provider operating across eight markets in the Middle East and Africa, has announced a 16-year high consolidated revenue of KD 1.7 billion ($5.4 billion) for the first nine months of 2025, marking a 15% year-on-year (YoY) increase.
Zain Group achieved record nine-month revenue of $5.4 billion (+15%) and net profit of $581 million (+31%), driven by strong data, fintech, and enterprise growth. With 51 million customers and a 16-year revenue high, Zain continues to lead digital transformation across the Middle East and Africa.
Robi Axiata PLC posted a Tk625 crore profit in the first nine months of 2025, up 55% year-on-year, driven by cost efficiency despite a slight 2.5% revenue drop. The operator added 1 lakh new users in Q3 and now covers 99% of the population with its 4G network.